Flailing daily deals site says it’s a victim of shrinking capital markets
Yesterday’s massive layoffs at daily deals site BuyWithMe were the result of shrinking capital markets, the company’s chief operating officer said today.
The announcement that BuyWithMe, the No. 3 daily deals site on the Web, was cutting significantly more than half its staff followed an unsuccessful attempt to raise capital at a $500 million valuation.
BuyWithMe Chief Operating Officer David Wolfe said in an email that the company was the victim of an increasingly-hostile investment … Continue Reading
Is the money drying up for startups, or not? (poll)
The Wall Street Journal reported today that web startups are hitting a cash crunch. Based on anecdotal evidence of this “nascent” trend, the publication said that strains are starting to show for startups seeking money.
In Silicon Valley, money has been flowing like rivers into web startups. But now some investors and entrepreneurs say it is getting harder to raise money. Some entrepreneurs are turning to bridge financing or are beginning to accept lower valuations … Continue Reading
Venture lobbyist Mark Heesen: VCs are taxman's "lowest-hanging fruit"
The Wall Street Journal reported today that web startups are hitting a cash crunch. Based on anecdotal evidence of this “nascent” trend, the publication said that strains are starting to show for startups seeking money.
In Silicon Valley, money has been flowing like rivers into web startups. But now some investors and entrepreneurs say it is getting harder to raise money. Some entrepreneurs are turning to bridge financing or are beginning to accept lower valuations … Continue Reading
VC funding up, biotech outpaces other industries
The Wall Street Journal reported today that web startups are hitting a cash crunch. Based on anecdotal evidence of this “nascent” trend, the publication said that strains are starting to show for startups seeking money.
In Silicon Valley, money has been flowing like rivers into web startups. But now some investors and entrepreneurs say it is getting harder to raise money. Some entrepreneurs are turning to bridge financing or are beginning to accept lower valuations … Continue Reading
Venture capital investing steady, clean-tech up
The Wall Street Journal reported today that web startups are hitting a cash crunch. Based on anecdotal evidence of this “nascent” trend, the publication said that strains are starting to show for startups seeking money.
In Silicon Valley, money has been flowing like rivers into web startups. But now some investors and entrepreneurs say it is getting harder to raise money. Some entrepreneurs are turning to bridge financing or are beginning to accept lower valuations … Continue Reading
